FAQ: Datavault AI's $13.3 Million Note Conversion and Strategic Developments

What is the main announcement from Datavault AI?

Datavault AI announced the full conversion of certain long-term notes with an aggregate original face value of $13.3 million, which substantially strengthens the company’s balance sheet.

Why is this note conversion significant for Datavault AI?

The conversion marks a strategic milestone that supports the accelerated launch of independent data exchanges (IDEs) and the buildout of supercomputing capabilities in cooperation with IBM.

Who commented on this development and what did they say?

Brett Moyer, Chief Financial Officer of Datavault AI, stated that the conversion represents a strategic milestone supporting the company’s growth initiatives.

What recent strategic investment was mentioned in relation to Datavault AI?

The news follows Datavault AI’s September 25 announcement of a $150 million strategic equity investment in Bitcoin from Scilex (Nasdaq: SCLX), a Nasdaq-listed biotech firm in one of Datavault AI’s primary target sectors.

What are Datavault AI’s two main business divisions?

Datavault AI operates through its Acoustic Science Division, featuring WiSA®, ADIO®, and Sumerian® patented technologies for wireless HD sound transmission, and its Data Science Division, which leverages Web 3.0 and high-performance computing for experiential data perception, valuation, and secure monetization.

What is the Information Data Exchange (IDE) and what does it enable?

The Information Data Exchange (IDE) enables Digital Twins and licensing of name, image, and likeness (NIL) by securely attaching physical real-world objects to immutable metadata objects, fostering responsible AI with integrity.

What industries does Datavault AI’s platform serve?

Datavault AI’s cloud-based platform serves multiple industries including sports & entertainment, events & venues, biotech, education, fintech, real estate, healthcare, energy, and more through HPC software licensing.

Where is Datavault AI headquartered?

The company is headquartered in Beaverton, Oregon.

Where can I find more information about Datavault AI?

You can learn more about Datavault AI at www.datavaultsite.com or access the latest news and updates in the company’s newsroom at https://ibn.fm/DVLT.

What technology capabilities does Datavault AI offer?

Datavault AI’s technology suite offers AI and Machine Learning automation, third-party integration, detailed analytics and data, marketing automation, and advertising monitoring, and is completely customizable.